Tradeweb Markets Inc. has launched a dedicated Kalshi pricing page on its platform, providing U.S. institutional clients with access to real-time market-implied probabilities across political, economic, and global events. This integration allows investors to monitor market expectations and build customized watchlists within their existing Tradeweb workflows. The move aims to help clients navigate market volatility and geopolitical uncertainty by incorporating prediction market data into their analysis and risk management tools.

The launch represents the first phase of a strategic partnership between Tradeweb and Kalshi, which includes Tradeweb taking a minority investment stake in Kalshi. As part of this collaboration, Kalshi’s American Power Index (KPOW) is scheduled to be integrated into the Tradeweb platform in July. KPOW serves as a real-time gauge of U.S. political and policy risk, distilling market-implied probabilities related to the presidency, the House, and the Senate into a single signal.

Strategic Partnership and Future Developments

Tradeweb and Kalshi are exploring further capabilities to expand access to prediction market data. The companies plan to co-develop new institutional-grade analytics that combine Kalshi’s event probabilities with Tradeweb’s pricing, liquidity, and macro-intelligence datasets. These analytics are intended to support new forecasting, risk management, and pricing models for institutional participants.

Additionally, the firms are examining the possibility of creating an institutional-focused platform for event contracts. This potential platform would leverage Tradeweb’s expertise in macro risk trading and market design alongside Kalshi’s depth in macroeconomic and policy outcomes.

Executive Commentary

Troy Dixon, Managing Director and Co-Head of Global Markets at Tradeweb, stated that prediction markets have become a real-time gauge for how investors price risk. He noted that integrating Kalshi’s data places this signal alongside the execution tools clients rely on daily to manage risk.

Andy Ross, Head of Institutional at Kalshi, emphasized that investors want to trade on real events rather than proxies. He described the integration as a significant step toward more accurately pricing the future by bringing prediction market data to a regulated, multi-asset institutional trading platform.

Tradeweb Markets Inc will release its financial results for the second quarter of 2026 on Thursday, July 30, 2026, at approximately 7:00 AM EDT. The electronic trading marketplace operator will subsequently host a conference call to discuss its performance for the period.

The earnings call is scheduled for 9:30 AM EDT on the same day. Management, including Billy Hult, CEO, and Sara Furber, CFO, will lead the discussion, which will include a question-and-answer session.

Conference Call Details

Investors can access the live webcast and related presentation materials through the company's investor relations website. Participants wishing to join via phone must register in advance to receive a unique PIN for access. An archived recording of the call will be made available online following the event.

Tradeweb Markets Inc operates electronic marketplaces for rates, credit, equities, and money markets. The company serves more than 3,000 clients in over 85 countries.